Nile Capital
@nilecapital
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Nile Capital
@nilecapital
What an eventful week in crypto! 🚀 Top 3 highlights: 1️⃣ Bitcoin rallies post-Fed's 50bps rate cut, boosting optimism and trading volumes. 2️⃣ Solana up 13%, beating Ethereum's 8%; its rapid growth could challenge Ethereum. 3️⃣ Investors shift from Grayscale's GBTC/ETHE to lower-fee ETFs like BlackRock's. Bullish week ahead!
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Nile Capital
@nilecapital
Solana Soars: Could It Overtake Ethereum? Solana is up 13% this week, outperforming Ethereum’s 8%.🚀 Its market cap sits at $70.8B vs. ETH’s $306.3B. While Ethereum still leads, Solana’s rapid growth has everyone watching 👀. With #Altseason approaching, Solana could be the next big thing. Keep your eyes on it! The Solana community is also bullish AF🔥
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Nile Capital
@nilecapital
🚀 Fed Rate Cut Fuels Bitcoin Rally! 🔥 Bitcoin is now trading at $63,270, up 6.06% in just 24 hours. Trading volume has jumped 40%! 📈 The recent 50 basis point Fed rate cut has sparked optimism, increasing liquidity and risk appetite. Data from CryptoQuant shows low long-term holder movement, suggesting reduced selling pressure. Strong buying from US and Korean investors continues. High short liquidations hint at market strength despite some lingering anxiety.
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Nile Capital
@nilecapital
Massive Outflows from Grayscale’s ETFs: What’s Driving Investors Away? Grayscale's GBTC saw $20.06B and ETHE $2.75B in outflows, signalling a shift in investor preferences. - High Fees: GBTC & ETHE charge 1.5%-2.5%, while competitors like BlackRock offer 0.12%-0.40% fees. - New ETF Approvals: Spot Bitcoin & Ethereum ETFs now offer real-time pricing and better liquidity, unlike Grayscale’s closed-end funds. - Liquidity & Redemption: New ETFs let investors easily exit positions, unlike Grayscale’s structure. To stay competitive, Grayscale must lower fees and innovate, or it risks losing more ground.
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Nile Capital
@nilecapital
The Fed's 50 basis point interest rate cut is bullish. Let's see how fast Bitcoin will fly from here.
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Nile Capital
@nilecapital
Glad to be here; thank you!
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Nile Capital
@nilecapital
Joined Farcaster minutes ago, and I'm loving the vibes. The fact that it's blockchain-based makes it a winner.
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Nhial
@nhial
There are different types of hard work: 1. Outthinking (a better strategy, a shortcut) 2. Pure Effort (working longer, intensity) 3. Opportunistic (positioning yourself to take advantage of change) 4. Consistency (doing average things for longer) 5. Focus (saying no to distractions) What works for you?
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Nile Capital
@nilecapital
Hello everyone! I'm new to this platform and would appreciate any how-to resources to help me get started. Thanks a bunch!
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